Nvidia stock rebounds as scrutiny into Huang mounts
Summary
Nvidia shares rose about 3.4% on Wednesday morning, trading above $174. The rebound came as the company investigated and lawmakers scrutinized CEO Jensen Huang’s relationship with a person described as an alleged Chinese spy.Key Facts
- Nvidia shares were up roughly 3.4% in late-morning trading Wednesday.
- The shares traded above $174 each.
- Nvidia closed below $169 per share on Tuesday.
- Tuesday’s close marked a six-month low for Nvidia stock.
- The company is probing Huang’s relationship with the person.
- Lawmakers are scrutinizing the relationship.
- The person is described in the article as an alleged Chinese spy.
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